Waec Economics Past Questions and Answers

Question 571:

• WAEC 2000

The most unique quality of money is its

A. Relative scarcity
B. Divisibility
C. Durability
D. General acceptability

Question 572:

• WAEC 2000

Abstention from consumption which enables capital to be produced is called

A. Savings
B. Production
C. Accumulation
D. Opportunity cost

Question 573:

• WAEC 2000

Which of the following will occur when the market is unstable?

A. Price will fluctuate
B. Demand will remain static
C. Unemployment will surely fall
D. Price will remain static

Question 574:

• WAEC 2000

Shares and stocks can be bought in the

A. Commodity market
B. Stock exchange
C. Money market
D. Open market

Question 575:

• WAEC 2000

Inflation can best be checked by

A. Allowing supply to remain constant
B. Decreasing supply and incresing wages
C. Increasing supply and holding wages constant
D. Decreasing supply and wages